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The new Consumer Financial Protection Bureau plans to overhaul the prepaid credit card industry. The agency is saying that re-loadable cards are easy targets for fraud and consumer protection. Will new rules make these cards a safer option? Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox News to discuss how these new prepaid credit card rules could potentially help or hurt this industry.
Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.
Tags: consumer financial credit bureau, credit cards, economy, financial advisor, fox news, money, prepaid, wealth manager